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20130101
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KPIX (CBS) 2
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CBS
Dec 27, 2012 4:30am PST
price tag at your dry cleaner's lately. as don ford shows us, part of it has to do with those wire hangers. >>> reporter: who would have thought the simple act of dropping off your dry-cleaning would involve international politics. steve sadler and his wife janice have owned a cleaner's in albany for 32 years. >> most all the hangers we buy today are made in vietnam or china. >> reporter: the u.s. commerce department says vietnam and china have flooded the markets forcing nearly all u.s. manufacturers out of business. so the feds slapped a 187% tariff on the imported hangers more than doubling the cost to dry cleaners. >> and that certainly did drive the price of hangers up. we were paying probably 4 to 5 cents a hanger and now we're paying anywheres from 8 to 9 upwards of 10 cents a hanger. >> reporter: the co-owner janice says customers notice the price increase. >> customers don't like it but as costs go up for supplies, you have to do it. >> reporter: steve and janice say hangers are hardly worth harping about. the real cost increases are from utilities, chemicals and wages but
CBS
Dec 28, 2012 4:30am PST
" is still a few days away. but business owners don carlino says he is already feeling the impact. >> a lot of our customers are holding back. they are apprehensive. they are not committing to projects. they're not -- you know, they are waiting to see what's going to happen with the "fiscal cliff." >> reporter: and hope is fading that congress can get a deal done before tax hikes and spending cuts kick in january 1. >> i am not optimistic. >> reporter: even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> reporter: president obama has invited nancy pelosi, john boehner, mitch mcconnell and harry reid to the white house this afternoon for a "fiscal cliff" summit. >> here we are five days from the new year, and we might finally start talking. >> reporter: today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chambers of congress. >> i don't know time-wise how it can happen now. >> reporter: under senate rules the only way a bill
Search Results 0 to 1 of about 2